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Labor Force Participation and Monetary Policy in the Wake of the Great Recession
Erceg, Christopher J.; Levin, Andrew - International Monetary Fund (IMF) - 2013
In this paper, we provide compelling evidence that cyclical factors account for the bulk of the post-2007 decline in the U.S. labor force participation rate. We then proceed to formulate a stylized New Keynesian model in which labor force participation is essentially acyclical during...
Persistent link: https://www.econbiz.de/10011123858
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To Fire or to Hoard? Explaining Japan’s Labor Market Response in the Great Recession
Steinberg, Chad; Nakane, Masato - International Monetary Fund (IMF) - 2011
The Great Recession pushed Japan’s unemployment rate to historic highs, but the increase has been small by … the global financial crisis. Our findings suggest that: (i) employment responsiveness has been historically low but rising … historical patterns once we control for the size of the output shock; and (iii) the comparatively lower employment response vis …
Persistent link: https://www.econbiz.de/10008839361
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Republic of Estonia; Staff Report for the 2011 Article IV Consultation
International Monetary Fund (IMF); International … - 2011
The staff report for the 2011 Article IV Consultation concluded that a vibrant recovery marked Estonia’s first year in the euro area, albeit amid nascent tensions. The economy’s strong rebound has been grounded in a proven track record of prudent macroeconomic policies. Executive...
Persistent link: https://www.econbiz.de/10011142206
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China's Growth and Integration into the World Economy; Prospects and Challenges
Prasad, Eswar - International Monetary Fund (IMF) - 2004
China’s transformation into a dynamic private-sector-led economy and its integration into the world economy have been among the most dramatic global economic developments of recent decades. This paper provides an overview of some of the key aspects of recent developments in China’s...
Persistent link: https://www.econbiz.de/10005252521
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The Italian Labor Market; Recent Trends, Institutions, and Reform Options
Schindler, Martin - International Monetary Fund (IMF) - 2009
's employment and productivity outcomes continue to lag behind those of its European peers. This paper reviews Italy's institutional …
Persistent link: https://www.econbiz.de/10005826596
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Canada's Potential Growth; Another Victim of the Crisis?
Estevão, Marcello M.; Tsounta, Evridiki - International Monetary Fund (IMF) - 2010
-term unemployment rate (which would raise equilibrium unemployment rates). However, over the medium term, we expect Canada's potential …
Persistent link: https://www.econbiz.de/10008561074
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The Effects of Early Retirementon Youth Unemployment; The Case of Belgium
Pestieau, Pierre; Lefèbvre, Mathieu; Jousten, Alain; … - International Monetary Fund (IMF) - 2008
elderly labor force participation and youth unemployment. From a theoretical point of view, there is no convincing argument …
Persistent link: https://www.econbiz.de/10005825708
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Serbia and Montenegro; Poverty Reduction Strategy Paper: Progress Reports
International Monetary Fund (IMF); International … - 2006
This paper discusses the First Progress Report on the implementation of the Poverty Reduction Strategy (PRS) in Serbia. The Poverty Reduction Strategy Paper (PRSP) for Serbia and its implementation complement the efforts of Serbia in the European Union integration process. The PRSP also includes...
Persistent link: https://www.econbiz.de/10011245601
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Cape Verde; Poverty Reduction Strategy Paper
International Monetary Fund (IMF); International … - 2005
This paper focuses on Cape Verde’s Growth and Poverty Reduction Strategy (GPRS). The GPRS is part of a broader strategic planning exercise that has been under way in Cape Verde and has as main pillars the Grand Options of the Plan 2002–05 (GOP) and the National Development Plan...
Persistent link: https://www.econbiz.de/10005252928
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France; Selected Issues Paper
International Monetary Fund (IMF); International … - 2011
This note estimates potential output for France during 1980–2010, using three distinct approaches, and discusses long-term growth prospects. The focus on capital taxation highlights the need for a broader reform of the French tax system to address the features that hamper job growth,...
Persistent link: https://www.econbiz.de/10011243347